Update 1/23/18: u/mwwalk on Reddit reports that the $50k limit is reset with the conversion. Makes sense and good to know.
Chase is sending out a memo to bankers indicating that they’ll be streamlining the Chase INK line in early 2018. Letters will be sent out this week with more information.
- Chase INK cards are now always issued as Visa cards. Anyone with an old Chase INK Mastercard will be changed over to a Visa-branded card in February 2018 with a new card number and expiration. The existing Mastercard INK card will remain active until April 30, 2018.
- Some people have old, grandfathered INK products like the INK Classic and INK Bold. (The Classic is similar to the INK Cash and the Bold is similar to the INK Plus.) These will be converted to the current INK program in February 2018 with a new card number, expiration, and Rewards earning structure.
- I’m not sure what they refer to with a change in “Rewards earning structure.” Perhaps, they’ll be changing INK Bold cardholders to INK Preferred, not to INK Plus (?!). I don’t know, we’ll see.
I see two potential negatives here:
- Mastercard INK cards still earn 5x at PPDG. That’s a big hit for Mastercard INK cardholders.
- We’ll have to find out more about what changes are in-store for Classic and Bold cardholders. Assuming it’s just a shift to the Cash and Plus versions, it’s not a big deal. If they shift the Bold to become a Preferred, that’s a negative change for a lot of people.
Thanks to reader D. for sharing
Ink Bold still has 5x on ppdg, even though the charge directly goes under the converted Ink plus
My Ink bold was automatically changed to an Ink plus. Since I have this already I called and they offered me the Ink cash instead. Same earning structure just a lower cap- $25000 per year.
In the spirit of asking questions, why is this product line called “Ink”?
We’ve already established that signature verification for POS transactions is pointless, so it can’t be that…
My Ink Cash 5x earning is not reset. In fact it never disappeared during the whole conversion period – the UR site had all the activities and nothing every changed.
Still have not received the new card but the letter earlier prompted me to change the Comcast autopay from Ink Cash to Ink Plus.
Now I hope the Ink Plus would last another couple years.
My letter states INK Bold Mastercard will be converted to Ink Plus Visa. Not sure I need 2 of them.
Same rewards structure (x5 up to 50k at office supply, etc)
So I guess with going from World Elite MC to Visa Signature is all that’s changing. The Ink Plus Visa has the rental stuff, the price protection, 12 hour/overnight trip delay. Warranty benefit is same stuff with different math.
Same here – I received a letter today that my Ink Bold Mastercard will be converted to an Ink Plus Visa.
Also got my letter stating that I am getting my Bold converted to an Ink Plus Card.
It looks like the conversion is happening today. When you log in, various features on the are unavailable at the moment.
When I could not find my account online they said technical difficulty that night by message, and the info about the change was the next morning. Drag is that I have to change all the auto pay companies i have on there, but I love my UR points!
The advantage of having two (or more) of the same card type could be:
1. When there is a spending cap or limit, such as 5% on the first $50k, having two accounts open allows one to earn 5% on up to $100k. (50k + 50k).
2. Carrying two (or more) of the same card may make you eligible for other incentives. (e.g. extra spending incentive may apply multiple times, once per card)
3. If carrying a balance, pay interest on only old purchases. (if all purchases were on one card, carrying a balance triggers interest charges on new purchases on the date of purchase)
Just realise my ink cash is a MC today
I just got the official letter from Chase on this today. I currently have an Ink Plus Business MASTERcard that earns 5X pts at office supply stores, telecom, cable, etc.
Bottom line: rewards structure is NOT changing – they are just switching it to a Visa version of the Ink Plus card.
Verbatim, it says: “What’s not changing: Your rewards program.”
So we can all relax and not worry about being converted to the Ink PREFERRED reward program with 3x points in the same categories above!
Merry Christmas!
Is the 100k Bonus still available for chase ink business card ( in Branch Application) with annual fee waived?
Is a specific higher Gross Income needed to be approved for the above Card?
Should be available via BRM
William! I’ve posed a comment no one really gave an answer to. It’s simple. Before it was possible to close ink mc cash and reopen after 1 month ink visa cash getting the signup bonus. Do you have any info if that still works?
No idea sorry
If they convert them into Ink Preferred the main down side for me would be inability to get Ink Pref bonus (if you have not received one yet) until the current account is closed, and even after it is closed you would need to explain (if asked) why are you applying for CIP when you just had it and closed…
So, I would advise to PC them into Ink Plus (if available) or Ink Cash, and applying for Ink Preferred.
Good Luck
I have INK Cash MC. Just closed (and transferred credit limit) INK Preferred Visa before the fee hits. My question is: Will I get sign up bonus if I close the INK cash MC now and reopen Ink cash Visa in a month?
Thank You!
Is this personal cards only? I have Business Ink Plus Visa, and losing the 5x on telecom would be a big hit for me.
@DK, all of the Ink cards are business cards.